Requires certain employers to provide certain employees with notifications concerning federal Public Service Loan Forgiveness program.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill requires employers in New Jersey that are designated as ‘qualifying employers’ under the federal Public Service Loan Forgiveness (PSLF) program to inform new employees about the program and its requirements. Specifically, employers must notify employees about their potential eligibility for PSLF and outline the steps needed to qualify, including employment with a qualifying employer, maintaining a full-time work schedule, having a Direct Loan balance, and making 120 qualifying payments.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
Joseph Cryan
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